The stock market in India will remain closed on Monday on account of Maharashtra Day. No trading will be carried out at the BSE and National Stock Exchange (NSE) on Monday for the entire session according to the BSE website. There will be no action in Equity Segment, Equity Derivative Segment, and SLB Segment. The Currency Derivatives Segments will also remain shut to celebrate Maharashtra Day.
The Commodity Derivatives segment and Electronic Gold Receipts (EGR) segment, however, will resume trading from the evening session. Here the trading will be suspended only for the morning session i.e. from 9:00 AM to 5:00 PM. Thus, Multi Commodity Exchange (MCX) and National Commodity Exchange (NCDEX) will see action after 5 PM in the evening session.
Maharashtra Day is celebrated on May 1, every year. Gujarat Day is also celebrated on the same day. On May 1, 1960, Maharashtra and Gujarat were carved out from the Bombay State. The state was divided on linguistic lines after huge protests after India gained independence. On Maharashtra Day, the people of the state celebrate Marathi heritage and pride.
In the month of May, there is only one stock market holiday.
The next stock market holiday will be on the occasion of Bakri Id celebration on June 28.
There will be no stock market holiday in July this year. After Bakri Id, the next holiday will fall on August 15 to celebrate Independence Day. On September 19 the markets will remain closed to observe Ganesh Chathurti. In October the markets will be closed on two days, Gandhi Jayanti on October 2 and Dussehra on October 24.
In November, there will be two market holidays, on Diwali (November 14) and Guru Nanak Jayanti (November 27). In December the markets will be closed on December 25 for Christmas.
On Friday, rallying for the fifth straight session, the S&P BSE Sensex surged 463 points to settle at 61,112, while the NSE Nifty50 shut shop at 18,065, up 150 points.
Here’s a list of next market holidays in 2023:
Id-ul-adha (Bakri Id) June 28, (Wednesday)
Independence Day August 15, (Tuesday)
Ganesh Chaturthi September 19, (Tuesday)
Mahatma Gandhi Jayanti October 02, (Monday)
Dussehra October 24, (Tuesday)
Diwali Balipratipada November 14, (Tuesday)
Gurunanak Jayanti November 27, (Monday)
Christmas December 25, (Monday)